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ECB's Panetta Blasts Crypto as ‘Ponzi Scheme’ Fueled by Greed

The central banker compared crypto market dynamics to the 2008 financial crisis and called for additional regulation and taxes.

ECB Executive Board member Fabio Panetta and President Christine Lagarde (Thierry Monasse/Getty Images)
ECB Executive Board member Fabio Panetta and President Christine Lagarde (Thierry Monasse/Getty Images)